2025-02-02T17:26:19-07:00 2024-03-31 880331156 Craig S Ruby CPA 1720 Duarte Dr Henderson NV 89014 990 2023-04-01 821460659 CARMEL CHRISTKINDLMARKT INC CARM 3175596608 PO Box 22 Carmel IN 46082 Maria Rosenfeld CEO 3176492049 2024-08-07 1 1 Craig Ruby P01384536 7254005727 2024-07-01 2023 2025-03-06 01:10:19Z Maria Rosenfeld PO Box 22 Carmel IN 46082 3120747 0 X carmelchristkindlmarkt.com X 2017 IN The mission of Christkindlmarkt is to benefit the community by conducting educational and cultural activities in Germanic culture through lectures, story-telling, discussions, musical performance, cultural presentation, and an annual Christkindlmarkt festival. 3 3 5 0 369 0 44000 117015 802839 1225224 0 0 813455 1263377 1660294 2605616 0 0 0 0 163622 366248 0 0 0 1169084 1438488 1332706 1804736 327588 800880 1325139 2151460 127572 153013 1197567 1998447 Carmel Christkindlmarkt, Inc's mission is to benefit the community by conducting educational and cultural activities of Germanic culture through lectures, storytelling, discussions, musical performances, cultural presentations, and an annual Christkindlmarkt festival. 0 0 1101410 0 2488232 Carmel Christkindlmarkt, Inc has maintained its goals of benefitting the community by conducting educational and cultural activities of Germanic culture through its hosting of a continually growing festival known as Christkindlmarkt. The 2023 Christkindlmarkt festival took place from November through December 2023, serving thousands of guests, and hosting hundreds of culturally relevant performances and educational activities. Through lectures, storytelling, discussions, musical performance, and cultural presentations Christkindlmarkt has enriched the cultural awareness of not just residents of the city of Carmel, Indiana, but citizens from around the nation. Carmel Christkindlmarkt, Inc strives for inclusivity by including, educating, and advocating for various traditions and religious celebrations that occur in the winter season. The fees for providing such services are represented by this program service accomplishment. 0 0 0 1101410 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 73 0 0 5 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X CL Coonrod & Co CPA PC 3178444605 3850 Priority Way S Drive 225 Indianapolis IN 46240 Maria Rosenfeld Chief Executive Officer / President 40 0 X 208360 0 0 Susan McDermott Board Chair 1 0 X 0 0 0 Sven Schumaker Board Member 1 0 X 0 0 0 Brenda Myers Board Member 1 0 X 0 0 0 208360 0 0 1 0 1 0 0 0 0 0 0 0 117015 0 117015 Vendor Contract Fees - Retail Goods 453220 344584 344584 0 0 Vendor Contract Fees - Food and Beverage 722310 880640 880640 0 0 0 0 0 0 1225224 0 72195 0 8958 0 63237 63237 63237 0 0 0 0 0 1683069 506173 1176896 1176896 0 0 Private Rental Revenue 453220 22875 22875 0 0 ATM Fees 522200 369 0 369 0 0 0 0 0 23244 2605616 2488232 369 0 X 331975 331975 4394 4394 8304 8304 21575 21575 198431 198431 3160 3160 52261 52261 662699 662699 158864 158864 159023 137569 21454 29970 22562 7408 22115 22115 24770 13276 11494 13416 13416 2961 2961 42924 42924 3128 3128 Bank and Transfer Fees 45926 45926 0 0 Equipment Rental 11592 11592 0 0 Staff Uniforms/Costumes 2197 2197 0 0 Memberships and Dues 1250 0 1250 0 3801 3801 0 0 1804736 1101410 703326 0 749941 1577940 125974 52974 693642 175560 449224 518082 2464 1325139 2151460 0 124634 96828 2938 28555 27630 127572 153013 X 0 0 0 0 1197567 1998447 1197567 1998447 1325139 2151460 800880 0 0 0 0 0 X 1 X 0 1 0 X X X 1 City of Carmel Indiana 356000972 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 526458 0 85224 441234 0 0 0 0 167184 0 90336 76848 0 0 0 0 518082 0 Other Accrued Liability 27630 27630 X X X 0 0 0 1 0 0 0 0 0 Maria Rosenfeld Chief Executive Officer / President 133845 0 67495 0 0 0 0 0 6981 0 208321 0 0 0 Schedule J, Part I, Line 5 The President of Carmel Christkindlmarkt, Inc. ("CCI") was paid a bonus based upon achieving a certain revenue target. The bonus was equal to a percentage of net revenues. The board of directors of CCI determined that the bonus when added to the other compensation paid to the President was reasonable and necessary and in compliance with CCI's Executive Compensation and Intermediate Sanctions Policy. The board of directors of CCI also determined in 2024 to cease paying a bonus based upon net revenues, and restructured the bonus payment to be a specific dollar amount based upon achievement of certain goals and targets and which when combined with base salary and benefits was viewed to be reasonable and necessary in light of the comparables reviewed by the board of directors. Form 990, Part IV, Line 34 While Carmel Christkindlmarkt, Inc is not related to any tax-exempt or taxable entity, it is a supporting organization to the City of Carmel, and as such operates solely for the benefit of and to carry out the functions of the City of Carmel. The Mayor of the City of Carmel appoints all of Carmel Christkindlmarkt, Inc's directors. Form 990, Part VI, Section A, Line 7a Carmel Christkindlmarkt, Inc is a supporting organization of the City of Carmel, whereby the board of directors is appointed at the sole discretion of the Mayor of Carmel and operates solely for the benefit and to carry out functions of the City of Carmel. Form 990, Part VI, Section B, Line 11b Before filing, a copy of the Form 990 was provided to and reviewed by the board of directors and the President & CEO. Form 990, Part VI, Section B, Line 12c The Board of Directors are required to disclose any potential conflicts of interest. Additionally, a subcommittee, which may include directors or other individuals free of conflict of interest may be formed to review transactions that may raise the risk of "excess benefit". The procedure in place requires that: 1. Transactions are approved in advance by a decision-making body composed entirely of individuals who do not have conflicts of interest. 2. The decision-making body obtains and relies on appropriate data with which it may compare the transaction to ensure reasonable and fair market value. Relevant information with respect to compensation transactions include compensation paid by other organizations for functionally comparable positions, the availability of similar services within the geographical area, current compensation surveys performed by independent firms, and written offers from competing entities for similar services. 3. The decision making body will adequately document the basis for its determination. Adequate documentation must include the terms of the transaction approved, the date the transaction is approved, the members of the decision making body present during debate and who participated in voting, the comparability data obtained and relied upon and how it was obtained, and any action taken by anyone on the decision-making body who had a conflict of interest with respect to the transaction. Form 990, Part VI, Section B, Line 15 The Board of Directors reviews and approves all compensation for the Chief Executive Officer and any other officers or key employees of the organization. Compensation is based on industry norms using employee compensation surveys generated by reputable independent organizations. Form 990, Part VI, Section C, Line 19 Carmel Christkindlmarkt makes its Form 990s for the current and prior 2 years and its Form 1023 available for public inspection upon request. Carmel Christkindlmarkt's articles of incorporation are available for public inspection on the Indiana Secretary of State's website. Form 990, Part IX, Line 11g Payments for entertainment management, event management, media relations, online engagement, musical and theatrical performances, retail staff, and security for the Carmel Christkindlmarkt festival. Admin Support: $57,478; Entertainment Management: $40,860; Event Engagement Management: $24,281; Media Relations: $2,800; Architecture/Engineering: $8,510; First Aid Staff: $14,038; Repair and Maintenance Services: $4,643; Online Engagement: $58,600; Performance Demonstration: $75,927; Performance Music: $118,320; Event Staffing: $244,208; Retail Staffing: 2,243; Security: 10,791.